betr Entertainmen (BBT) AGM 2025 summary

Opening remarks and agenda

• Meeting opened with a quorum, introduction of directors and officers, and outline of meeting structure and voting procedures.

• Chairman welcomed attendees and outlined the agenda, including addresses, voting instructions, and resolutions to be considered.

• Voting on all resolutions conducted via poll, with proxy votes disclosed and results to be announced to the ASX.

• Shareholders provided with clear instructions for submitting questions and participating in the meeting.

Board and executive committee updates

• Alexi Baker and Andrew Menz joined the board, bringing commercial and industry expertise; Tim Hughes resigned.

• CEO and Chairman delivered their respective addresses to shareholders.

• Michael Sullivan thanked for his leadership as former Executive Chairman.

Financial performance review

• Two oversubscribed capital raises completed, enabling acquisition and migration of Top Sport customer database.

• Exited U.S. market on favorable terms, focusing exclusively on Australian market.

• Achieved normalized EBITDA of AUD 7.2 million for FY 2025, exceeding consensus by over 15%.

• Record turnover and sustained growth post-BlueBet merger, with improved net win margins.

• Annual Financial Report for the year ended 30 June 2025 was presented, with the auditor available for questions.